U.S. stock futures erased their advance as investors awaited a speech from Federal Reserve Chairman Ben S. Bernanke for indications on whether the central bank will further support the world’s largest economy, Bloomberg reports.
Bank of America Corp. rose 2.2 percent in European trading, extending yesterday’s surge after Warren Buffett’s Berkshire Hathaway Inc. agreed to invest $5 billion in the nation’s biggest bank. General Electric Co. climbed 0.9 percent in Europe after its chief executive officer for Latin America said sales in the region may double in three to four years.
Futures on the Standard & Poor’s 500 Index expiring in September rose less than 0.1 percent to 1,157 as of 9 a.m. in London, having earlier gained 0.8 percent and fallen 0.3 percent. The U.S. equity benchmark lost 1.6 percent to 1,159.27 yesterday as selling in German futures sparked a rout in global stocks. Dow Jones Industrial Average futures were unchanged at to 11,137...
Find out more at http://www.bloomberg.com/news/2011-08-26/u-s-stock-futures-rise-amid-stimulus-speculation-ahead-of-bernanke-speech.html
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